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Gann level Plotter for Amibroker (AFL)

Rating:
5 / 5 (Votes 2)
Tags:
amibroker, gann

//You can do any of the following:
//Suppress candle or bar plotting
//Choose to plot candle or bar
//Show the Gann angle projections from Highs, Lows or Peaks and Troughs
//(the latter can be delayed in appearance because of the Amibroker fn limitation)
//Extend the Gann angle range by changing the Gann Range
// Current settings will work for scrips that are in the range of the Nifty
//Show the Angle number from 0 – 6. Useful for you to decide your trading rules.

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//Gann level Plotter
//Abnash Singh 5-11-2011
//abnash1978@yahoo.co.uk
//You can do any of the following:
//Suppress candle or bar plotting
//Choose to plot candle or bar
//Show the Gann angle projections from Highs, Lows or Peaks and Troughs
//(the latter can be delayed in appearance because of the Amibroker fn limitation)
//Extend the Gann angle range by changing the Gann Range
// Current settings will work for scrips that are in the range of the Nifty
//Show the Angle number from 0 - 6. Useful for you to decide your trading rules.
 
//Gann logic begin
SetBarsRequired( 5000, 0 ); 
 
showcandlechart=ParamList("Show Candle chart","YES|NO");
stylecndl=ParamList("Bar/Candle chart","BAR|CANDLE");
SHowGann=ParamList("Show Gann Angles","No|Yes",1);
SHowGannlev=ParamList("Show Gann Angles Level","No|Yes");
MArkpktr=ParamList("Mark the Highs/Lows","No|Yes");
 
Gann=ParamList("GannAngles","High|Low|Peak|Trough");
gannrange=Param("Gann Range",25,1,200,1);
pkno=Param("Peak Number",1,1,100,1);
perchange=Param("Zig change %",0.2,0.1,1,0.01);
BarColor        = IIf(Close > Open, colorGreen, colorRed);
SetBarFillColor(BarColor);
if (stylecndl=="BAR")stylec=styleBar;
else stylec=styleCandle;
if (showcandlechart=="YES")
{
     
    Plot(C, "Close", colorWhite, styleNoTitle | stylec);
}
 
avp=(O+C)/2;
tn=TimeNum();
Datex=DateNum();
Dayhigh=Daylow=Dayopen=Dayclose=0;
Minlow=Minhigh=mint=intvl=0;
gline0=gline1=gline2=gline3=gline4=gline5=gline6=gline7=gline8=0;
 
pk=Peak(H,perchange,1);
pkbars=PeakBars(H,perchange,1);
Tr=Trough(L,perchange,1);
trbars=TroughBars(L,perchange,1);
intvl=Interval()/60;
Clevel=0;
Hv=HHV(H,pkno);
Lv=LLV(L,pkno);
Hvbars=BarsSince(Hv==H);
Lvbars=BarsSince(Lv==L);
pi=3.1415926;
Mint=DayOfYear()*10000+Hour()*60+Minute();
entryprice=0;
for (i=1;i<BarCount;i++)
{
 
 
//day high low
    if (Datex[i]!=Datex[i-1])
    {
        Dayhigh[i]=H[i];
        Daylow[i]=L[i];
        Minlow[i]=Mint[i];
        Minhigh[i]=Mint[i];
    }
    else
    {
        Dayhigh[i]=Dayhigh[i-1];
        Daylow[i]=Daylow[i-1];
        Minlow[i]=Minlow[i-1];
        Minhigh[i]=Minhigh[i-1];
 
        if (H[i]>Dayhigh[i])
        {
            Dayhigh[i]=H[i];
            Minhigh[i]=Mint[i];
        }
        if (L[i]<Daylow[i])
        {
            Daylow[i]=L[i];
            Minlow[i]=Mint[i];
        }
    }
//Gan Fan analysis
if (pkbars[i]==0 AND gann!="Low" AND Gann!="High")gann="Peak";
if (trbars[i]==0 AND gann!="Low" AND gann!="High")gann="Trough";
 
Minsincehi=int(Mint[i]/intvl)*intvl-Minhigh[i];
Minsincelo=int(Mint[i]/intvl)*intvl-Minlow[i];
dh=Dayhigh[i];
dl=daylow[i];
if (gann=="Peak")
{
    dh=pk[i];
    Minsincehi=intvl*pkbars[i];
}
else if (gann=="Trough")
{
    dl=tr[i];
    Minsincelo=intvl*trbars[i];
}
 
if (MArkpktr=="Yes")
{
    if (dh==H[i] AND (gann=="High" OR gann=="Peak"))PlotText("P",i,H[i]+5,colorOrange);
    if (dl==L[i] AND (gann=="Low" OR gann=="Trough"))PlotText("T",i,L[i]-5,colorOrange);
}
 
 
if ((gann=="High" OR gann=="Peak") AND Minsincehi>0)
{
    gline0[i]=dh-((minsincehi)*tan(0*90*pi/180));
    gline1[i]=dh-((minsincehi)*tan(0.125*90*pi/180));
    gline2[i]=dh-((minsincehi)*tan(0.25*90*pi/180));
    gline3[i]=dh-((minsincehi)*tan(0.382*90*pi/180));
    gline4[i]=dh-((minsincehi)*tan(0.5*90*pi/180));
    gline5[i]=dh-((minsincehi)*tan(0.618*90*pi/180));
    gline6[i]=dh-((minsincehi)*tan(0.75*90*pi/180));
    gline7[i]=dh-((minsincehi)*tan(0.875*90*pi/180));
    gline8[i]=dh-((minsincehi)*tan(1*90*pi/180));
    if (gline1[i]<dh-gannrange)gline1[i]=Null;
    if (gline2[i]<dh-gannrange)gline2[i]=Null;
    if (gline3[i]<dh-gannrange)gline3[i]=Null;
    if (gline4[i]<dh-gannrange)gline4[i]=Null;
    if (gline5[i]<dh-gannrange)gline5[i]=Null;
    if (gline6[i]<dh-gannrange)gline6[i]=Null;
    if (gline7[i]<dh-gannrange)gline7[i]=Null;
    if (gline8[i]<dh-gannrange)gline8[i]=Null;
}
else if ((gann=="Low" OR gann=="Trough") AND Minsincelo>0)
{
    gline0[i]=dl+((minsincelo)*tan(0*90*pi/180));
    gline1[i]=dl+((minsincelo)*tan(0.125*90*pi/180));
    gline2[i]=dl+((minsincelo)*tan(0.25*90*pi/180));
    gline3[i]=dl+((minsincelo)*tan(0.382*90*pi/180));
    gline4[i]=dl+((minsincelo)*tan(0.5*90*pi/180));
    gline5[i]=dl+((minsincelo)*tan(0.618*90*pi/180));
    gline6[i]=dl+((minsincelo)*tan(0.75*90*pi/180));
    gline7[i]=dl+((minsincelo)*tan(0.875*90*pi/180));
    gline8[i]=dl+((minsincelo)*tan(1*90*pi/180));
    if (gline1[i]>dl+gannrange)gline1[i]=Null;
    if (gline2[i]>dl+gannrange)gline2[i]=Null;
    if (gline3[i]>dl+gannrange)gline3[i]=Null;
    if (gline4[i]>dl+gannrange)gline4[i]=Null;
    if (gline5[i]>dl+gannrange)gline5[i]=Null;
    if (gline6[i]>dl+gannrange)gline6[i]=Null;
    if (gline7[i]>dl+gannrange)gline7[i]=Null;
    if (gline8[i]>dl+gannrange)gline8[i]=Null;
}
else
{
gline0[i]=gline1[i]=gline2[i]=gline3[i]=gline4[i]=gline5[i]=gline6[i]=gline7[i]=gline8[i]=Null;
}
 
 
x=0;
if (gline0[i]>gline2[i])
    if (C[i]<gline0[i])
        if (C[i]<gline1[i])
            if (C[i]<gline2[i])
                if (C[i]<gline3[i])
                    if (C[i]<gline4[i])
                        if (C[i]<gline5[i])
                            if (C[i]<gline6[i])
                                if (gline0[i]>0)x=6;
                                else x=1;
                            else if (gline0[i]>0)x=5;
                                else x=1;
                        else if (gline0[i]>0)x=4;
                            else x=1;  
                else if (gline0[i]>0)x=3;
                        else x=1;
            else if (gline0[i]>0)x=2;
                    else x=1;
        else if (gline0[i]>0)x=1;
 
if (gline2[i]>gline0[i])
    if (C[i]>gline0[i])
        if (C[i]>gline1[i])
            if (C[i]>gline2[i])
                if (C[i]>gline3[i])
                    if (C[i]>gline4[i])
                        if (C[i]>gline5[i])
                            if (C[i]>gline6[i])
                                if (gline0[i]>0)x=6;
                                else x=1;
                            else if (gline0[i]>0)x=5;
                                else x=1;
                        else if (gline0[i]>0)x=4;
                            else x=1;  
                else if (gline0[i]>0)x=3;
                        else x=1;
            else if (gline0[i]>0)x=2;
                    else x=1;
        else if (gline0[i]>0)x=1;
 
if (x==1)
{
    entryprice[i]=gline1[i];
    Clevel[i]=1+(abs(gline1[i]-C[i]))/(abs(gline1[i]-gline2[i]));
}
if (x==2)
{
    entryprice[i]=gline2[i];
    Clevel[i]=2+(abs(gline2[i]-C[i]))/(abs(gline2[i]-gline3[i]));
 
}
if (x==3)
{
    entryprice[i]=gline3[i];
    Clevel[i]=3+(abs(gline3[i]-C[i]))/(abs(gline3[i]-gline4[i]));
}
if (x==4)
{  
    entryprice[i]=gline4[i];
    Clevel[i]=4+(abs(gline4[i]-C[i]))/(abs(gline4[i]-gline5[i]));
 
}
if (x==5)
{
    entryprice[i]=gline5[i];
    Clevel[i]=5+(abs(gline5[i]-C[i]))/(abs(gline5[i]-gline6[i]));
 
}
if (x==6)
{
    entryprice[i]=gline6[i];
    Clevel[i]=6+(abs(gline6[i]-C[i]))/(abs(gline6[i]-gline7[i]));
}
if (showgannlev=="Yes")
{
 
if (x==0 AND
            (((gann=="High" OR gann=="peak") AND C[i]<gline0[i]) OR
             ((gann=="Low" OR gann=="Trough") AND C[i]>gline0[i])) )PlotText("0",i,H[i]+25,colorWhite);
if (x==1)PlotText("1",i,H[i]+25,colorWhite);
if (x==2)PlotText("2",i,H[i]+25,colorWhite);
if (x==3)PlotText("3",i,H[i]+25,colorWhite);
if (x==4)PlotText("4",i,H[i]+25,colorWhite);
if (x==5)PlotText("5",i,H[i]+25,colorWhite);
if (x==6)PlotText("6",i,H[i]+25,colorWhite);
 
}
 
 
}//Gan fan analysis end
 
Colorpnk=ColorRGB(150,75,75);
Colorblu=ColorRGB(25,100,150);
Colorylo=ColorRGB(150,150,50);
 
 
if (showgann=="Yes")
{
    Plot(gline0,"0 deg",Colorpnk,styleLine|styleNoLabel);
    Plot(gline1,"12.5 deg",Colorblu,styleLine|styleNoLabel);
    Plot(gline2,"25 deg",Colorylo,styleLine|styleNoLabel);
    Plot(gline3,"38.2 deg",Colorblu,styleLine|styleNoLabel);
    Plot(gline4,"45 deg",Colorpnk,styleLine|styleNoLabel);
    Plot(gline5,"61.8 deg",Colorblu,styleLine|styleNoLabel);
    Plot(gline6,"75 deg",Colorylo,styleLine|styleNoLabel);
    Plot(gline7,"87.5 deg",Colorblu,styleLine|styleNoLabel);
}

4 comments

1. cjsheth41

Sirji request you to kindly let us know as to how do we interprate this gann levels am not sure how to read the results and we see no levels on daily basis and above

2. anandnst

anand ji,
would u please give more interpretation abt this AFL..

Thanx you

3. carlvan

Superb!

4. carlvan

I had a question: this code is made to fit more or less Nifty prices, as you well indicated in the code. When you use it on daily charts or for other symbols, it doesn’t plot.
Could you please indicate where in the code some constant needs to be changed? Thank you.

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